In Re Zenith Electronics Corp.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that releases of non-derivative third-party claims against non-debtor \cannot be accomplished without the affirmative agreement of the creditor affected\
• finding that a release provision had to be modified to permit third parties’ release of non-debtors only for those creditors who voted in favor of the plan
• finding that a release provision had to be modified to permit third parties’ release of non-debtors only for those creditors who voted in favor of the Plan
• finding that a release provision had to be modified to permit third parties’ release .of non-debtors only for those creditors who voted in favor of the plan
• allowing release by any creditor who actually voted in favor of the plan
• in considering debtor’s release of third parties, court applied Master Mortgage five factor test

Source: CourtListener parenthetical corpus (CC0).